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Cnooc Buys Nexen for in China's Top Overseas Acquisition
Nexen's board recommended the deal to its shareholders. “Cnooc is one of the most sensible buyers for Nexen,” Andrew Potter, an analyst at the Canadian Imperial Bank of Commerce, wrote in a note to investors. “The question is whether or not regulators ...
Skadden, Davis Polk, Paul Weiss, Dewey: Business of Law
Nexen will give Cnooc assets in Canada, the U.K., West Africa and the Gulf of Mexico that produced 207,000 barrels a day in the second quarter, boosting the Chinese company's output by about 20 percent.